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Elk River Municipal Utilities <br />Elk River, Minnesota <br />Notes to the Financial Statements <br />December 31, 2019 <br />Note 2:Detailed Notes on All Funds (Continued) <br />D.InterfundReceivables, PayablesandTransfers <br />Interfunds <br />The composition of interfund balances at year endis as follows: <br />Receivable FundPayable Fund <br />AmountPurpose <br />ElectricCity$3,008December billings <br />ElectricCity4,394Plant hangers for downtown street lights <br />Total Electric Fund Receivable From City7,402 <br />WaterCity128,850TIF 22 Water Access Charge <br />Total Receivable From City$136,252 <br />CityElectric$132,579Shared costs <br />CityElectric10,668Supplies <br />ric82,413December transfer of 4% of revenue <br />CityElect <br />CityElectric274,7774th quarter franchise fees <br />CityElectric180,405Billed sewer on behalf of City <br />CityElectric138,531Billed garbage on behalf of City <br />CityElectric43,013Billed stormwater on behalf of City <br />Total Electric Fund Payable to City862,386 <br />CityWater 33,144Shared costs <br />CityWater 2,811Supplies <br />Total Water Fund Payable to City35,955 <br />Total Payable to City$898,341 <br />Transfers <br />The transfer out of the Electric fund was the annual transfer of 4 percent of 2019Elk River revenues to City funds. The <br />Electric fund transferred $1,157,445in 2019. <br />40 <br />130 <br />